Joint Charge
Charge which applies to the carriage over the lines of two or more carriers and which is published as a single amount (air cargo).

Joint Rate
Rate which applies for carriage over the lines of two or more carriers and which is published as single amount (air cargo).

Joint Venture
Business undertaking in which more than one firm share ownership and control of production and/or marketing.

Jurisdiction
The power that a court of law or an official person has to carry out legal judgements or enforce law.

Jurisprudence
Juridical decisions used for explanation and meaning of law.

Just-in-Time
Abbreviation: JIT. 1. The movement of material/goods to the required place at the required time. Each operation is closely synchronized with the subsequent ones to make this possible. 2. A method of inventory control that brings stock into the production process, warehouse or to the customer just-in-time to be used, thus reducing stockpiling.

Kanban
1. A method which, during storage, uses standard units or lot sizes with a single card attached to each. 2. A pull system used at a stock point in which a supply batch is ordered only when a previous batch is withdrawn.
Note: Kanban in Japanese means loosely translated "card or sign".

Keel
Longitudinal girder at the lowest point of a vessel from which the framework is built.

Knot
Unit of measurement for the speed (of a vessel) equal to a nautical mile (= 1852 meters) per hour.

Kyoto Convention
Convention for the International Customs Cooperation Council held in Kyoto in 1973 for the simplification and harmonization of national customs procedures.